Our short term bridging loans are for purchase, refinance, property improvement or to unlock working capital for business purposes.
This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
Individually structured loans for residential and commercial projects, with finance available for site purchase, construction and fees, refinance, equity release and to provide working capital. Loans are available up to 90% of the site cost.
Flexible first and second charge non-regulated loans available on terms from 3 to 5 years.
We have a commitment to innovation and with the ever changing financial landscape around us we have designed a range of unique Specialist Lending products that solve a range of property finance needs.
Development Loan
Our Development Loan is designed for purchase or refinance purposes, covering site costs, construction expenses, interest, and fees. It offers an extended sales period, and upon practical completion, it provides the option for a top-up advance if needed.
Furthermore, during the sales period, it features a reduced bridging interest rate.
Service is number one on our agenda and our team of experts will structure the facility to match the project. We will make certain there is adequate bridging financing and time to complete the development.
View our ‘6 steps to funding success’ here.
As amounts can vary, please contact us to discuss your Development loan query with one of our experienced BDMs. We’ll quickly make a decision regarding your Development finance funding requirements and progress your funding solution without delay.
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You will automatically be directed to download an application form when you register.
Loan Term 3 – 24 Months
LTV up to 70% GDV (80% LTC)
Amounts £500,000 – £3,500,000
Interest from 1.05% p.m
Fees Exit Fee 1%
Development provides finance secured on:
Our Development Loan is available to:
Alternative Bridging Corporation’s Development Loan is available for new build and conversion.
Find out all the answers to your frequently asked questions about Property Development Finance.
Property development finance with Alternative Bridging Corporation covers a wide range of building projects. From ground-up construction to renovation across residential developments and commercial properties (including office blocks, industrial units etc).
Our residential property development loans also enable developers to re-finance or release working capital in ongoing projects.
For residential and commercial properties, our development finance starts at £500,000. The maximum loan is £3.5m.
In determining the maximum loan available to you we use LGTDV (loan to gross development value) which looks not at the value of the land or property now, but its anticipated value once it has been built or redeveloped.
Development loans are available with a LTV (loan to value) of 80%. Our Development loan rates are up to 80% of total development cost or 70% of Gross Development Value (GDV).
Property development purposes such as:
Property development finance can be used in a wide range of ways.
For residential or commercial site, purchase of land or buildings. The loan can also be used to cover associated fees.
Finance for property development can be arranged over up to 36 months, which gives developers the time to take ‘ground-up’ projects from bare land to completion.
Unquestionably the simplest and least expensive property development option not including structural changes. The loan can be used to cover the cost of repair and minor alterations and aesthetic improvement of floors, ceilings, walls and woodwork.
Put your development loan to work on conversion, extension, moving internal walls, building partitions and rewiring and plumbing work.
Not every development goes to plan. Capital that once seemed sufficient to complete a development can be eaten up by unexpected delays and technical issues. This can leave you with the unwelcome ‘chicken and egg’ prospect. Not being able to sell/let the property because it is incomplete, and not having the working capital to complete the project.
Our UK property development loans help developers out of this financing cul-de-sac, by offering financing based on the value of the completed project. This injection of additional funds ensures you are able to complete the project and start generating a return.
Every property developer is always looking for the next opportunity, but that next opportunity can be hard to leverage when all your capital is tied up in existing developments.
Exit loans enable you to release the value in your development early, so you don’t miss out on the next prime opportunity.
Alternative Bridging Corporation, like all development finance lenders, is eager to lend.
The more information and assurance you can provide, the greater the likelihood of a swift and positive decision.
You can give us that assurance in a range of ways:
The more detail you can provide to support your predictions, the better. Your draft projections, therefore, might include:
Projections are always more compelling when they come with a track record of success. Where you have previously developed residential or commercial property, ensure your property portfolio/application reflects your experience.
All our published terms are indicative, and all our UK development finance is individually structured to your circumstances. Offer some form of additional security, therefore, may make approving your loan an easier or quicker process, or enable us to offer a larger sum.
Size, speed and individual tailoring of arrangements are the key benefits of choosing Alternative Bridging Corporation.
Attempt to raise funding through a traditional bank and your options may be far more limited and the processing time much longer. That can restrict your development options and increase delay – both factors that can damage the financial performance of any project.
An added benefit is prompt payment of stage advances during the construction period.
Commercial and residential development loans with Alternative Bridging Corporation are different. You submit your request and details of the security. We provide a decision in principle almost immediately. That then leaves you free to press ahead with your property purchase or re-development while we get everything finalised.
Development Loans can be secured against Residential development projects, Commercial development projects (subject to adequate pre-lets) or Student Accommodation.
We will always strive to ensure you secure a loan with us as we’re the ones doing the lending and making the decisions. We don’t have the pressures and limitations other lenders might have.
Approaching the whole concept of development finance from a different perspective to many of our competitors; we work harder to find a reason to say yes, swiftly and simply. However, sadly if we are unable to advance you a loan, we will let you know without delay.
Explore your funding options for your property development today. Whether you have ongoing or upcoming development or investment projects, we invite you to discuss them with us. Our goal is to understand your specific lending requirements and explore suitable solutions together.
Don’t hesitate to contact us; we’re here to assist you.
